Monthly Archives: February 2017

What to do With Your Tax Refund

income tax return form

Instead of just spending the money, you could plan to pay yourself.

Provided by Reeve Conover – Conover Consulting

About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.1

What do households do with that money? It varies. Last year, consumer financial services company Bankrate asked Americans about their plans for their federal tax refunds. Thirty-one percent of the respondents to Bankrate’s survey said that they would save or invest those dollars, and 28% indicated they would attack their debts with the money. Another 27% said they would buy food with that cash or use it to pay utility bills. Just 6% said they would earmark their refunds for shopping sprees or vacations.2

So, according to those survey results, about six in ten people who get a refund will use it to try and improve their personal finances. You could follow their example.

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What Does Your Home Insurance Cover?

homeowners insurance policy magnifying glass

Take a moment to see if you are adequately protected.

Provided by Reever Conover – Conover Consulting

Not all home insurance policies are alike. Coverage amounts obviously vary, and so do coverage areas. Taking ten minutes to scrutinize what your policy does (and does not) cover is a wise idea.

Homeowner policies routinely provide tornado, windstorm, & hailstorm coverage. If a tornado, windstorm, or hailstorm damages your home or yard, the insurer will commonly pay out in response to your claim, unless your residence has somehow failed to qualify for such coverage.1,2

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Active and Passive Investment Management

clock with hands on investment

What do each of these terms really mean?

Provided by Reeve Conover – Conover Consulting

Investment management can be active or passive. Sometimes, that simple, fundamental choice can make a difference in portfolio performance.

During a particular market climate, one of these two methods may be widely praised, while the other is derided and dismissed. In truth, both approaches have merit, and all investors should understand their principles.

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Managing Money Well as a Couple

image of money in jars

What are the keys in planning to grow wealthy together?

When you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially. The good news is that is usually not so difficult. 

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Life Insurance Before Age 40

image of life insurance policy

Millennials have good reasons to obtain coverage now.

 

Do you plan to buy life insurance before you turn 40? Maybe you should. You may save money in the long run by doing so.

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